By William Gullotti
Buffalo, N.Y., May 10 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% contingent digital buffered notes due May 15, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index gains, finishes flat or falls by up to 10%, payout at maturity will be par plus 10.65%. Otherwise, investors will lose 1.11111% for each 1% decline beyond the 10% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent digital buffered notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1 million
|
| Maturity: | May 15, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 10.65% unless index falls by more than 10%, in which case 1.11111% loss for each 1% decline beyond the 10% buffer
|
| Initial level: | 4,183.96
|
| Barrier level: | 90% of initial level
|
| Strike date: | April 27
|
| Pricing date: | April 28
|
| Settlement date: | May 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133FYQ2
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
